$ALGO/USDT 2h (Binance Futures) Parallel channel & TL breakout
Algorand broke-out the channel and trend-line resistance, so I expect it to continue upwards after a retest.
Current Price= 0.5247
Buy Entry= 0.5005 - 0.4795
Take Profit= 0.5346 | 0.5840 | 0.6426
Stop Loss= 0.4454
Risk/Reward= 1:1 | 1:2.11 | 1:3.42
Expected Profit= +9.10% | +19.18% | +31.14%
Possible Loss= -9.10%
Fib. Retracement= 1.618 | 2 | 2.414
Margin Leverage= 1x
Estimated Gain-time= 180h
Current Price= 0.5247
Buy Entry= 0.5005 - 0.4795
Take Profit= 0.5346 | 0.5840 | 0.6426
Stop Loss= 0.4454
Risk/Reward= 1:1 | 1:2.11 | 1:3.42
Expected Profit= +9.10% | +19.18% | +31.14%
Possible Loss= -9.10%
Fib. Retracement= 1.618 | 2 | 2.414
Margin Leverage= 1x
Estimated Gain-time= 180h
Trade active:
First entry filled and bounced
Algorand road to first target now, wait for it!
Algorand road to first target now, wait for it!
